U.S. Economy circa January 2009

The U.S. Economy circa January 2009

The storm metaphor is just too easy, but this is what I saw when I left work today, from the parking deck of American Tobacco, overlooking University Ford. Apparently, Durham has the lowest unemployment in the state of North Carolina, at just 5.8% compared to 7.9% for the state and 6.7% nationwide. Ford isn’t doing too well, however. Their December sales are down 32% from a year ago. (They actually fared better than G.M., Chrysler, BMW Toyota, and Honda).

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3 thoughts on “U.S. Economy circa January 2009

  1. The car dealerships in Auburn, CA just closed up entirely – the manufacturers took their stock back and the brand-new showrooms are sitting empty.

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